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CT-3 form

Sr. Executive Excise


can anyone tell me that what is the validity period for CT-3 under Central Excise Law?

 
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Indirect Tax


Validity of 6 months,

 
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Asst. Manager


Hi,

Can anybody give us central excise  circular or notification number for validity of 6 months?

With regards,

maruti

 

 

 
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glidor@gmail.com


CT-3 is an extension of credit under B-17 Bond, 

validity of CT-3 is dependent on the main B-17 Bond, which is maximum 6 months or the validity of bond, which ever comes earlier.

 
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Asst. Manager


Dear Sir,

Please refer following case:

Bond B 17 valid till next year.

There is no date of validity like sx months on CT 3.  Open qty/schedue is given in CT 3 to supply the goods.

Based on above ct 3 can manufactuer supply the material to EOU after six months?

Please give Notification Number /Circular Numbers.

With regards,

maruti

 

 

 

Why can not supply till quantity exhaust in CT 3

 

 
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glidor@gmail.com


normally when CT-1/3 is issued, its deemed that export consignment is going to be despatched shortly, and 180 days limit is fixed after the actual delivery for export of goods after clearance, 

hence the department insists to cleear the goods within 6 months of CT-1/3, however if part consinment is cleared, then against an intimation to CT-1 issue authority by the CT-1 holder, goods can be delivered on such CT-1/3.

of no clearance is made and CT-1/3 has been over 6 monthsl, then its better to intimate the authority 1st, and after that only make clearances, otherwise the tax credit may go under litigation for the bond holder,.

 
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Asst. Manager Finance & Controlling

Dear MrSharmaji,

 

Even I agreed with your view but not able to get any circular/clarification/ Notification etc. Is it possible to you to provide any department circular/clarification/ Notification etc. on this?

 

Thanks In advance

 
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glidor@gmail.com


@ CA D Santosh 

 

Please refer to the clause under the B-1 Bond, whereas the bond executor has undertaken to provide the period for submission of proof of export, which is six month by default and as per rules. 

 
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